Nikita Greentech Recycling Ltd. IPO

Nikita Papers Ltd. is a NIKITA GROUP company engaged in manufacturing of Kraft Paper since 1992 to cater to the Specialty Paper Market in India. The Directors of company are educated and have long experience of more than 25 years of Paper manufacturing and Distribution apart from experience in ... other industries. In 1991, a manufacturing Unit in the name of Nikita Papers Ltd. was established at Industrial Estate, Panipat Road, Shamli (U.P) to manufacture Kraft paper with 30 Tons per Day Capacity. The company has undergone through many expansion & modernizations time to time as per the demand of the market to maintain its standard and the paper quality of the company is well established in the paper market. At present the installed capacity of the company is approx. 133000 M.T. per annum. The company is manufacturing Kraft paper of 80- 200 GSM in different B.F. Range. Read more

Our Company was incorporated as a Private Limited Company in the name “Nikita Papers Private Limited” pursuant to a certificate of incorporation dated August 18, 1989 issued by the RoC in accordance with provisions of the Companies Act, 1956.

Pursuant to conversion of the ... company from private to public, under section 43A(1A) of the Companies Act 1956, the name of our Company was changed from “Nikita Papers Private Limited”to “Nikita Papers Limited”by deleting the word Private, and a fresh certificate of incorporation consequent to change of name was issued on June 12, 2003.

An Overview of Indian Paper Industry
According to Indian Paper Manufacturers Association (IPMA), the country ranks among the top 15 major paper producers globally and accounts for about 5% of the world’s paper production. The estimated turnover of the industry is INR 80,000 crore and ... its contribution to the exchequer is around INR 5,000 crore. Paper is a labour-intensive industry in India. The industry provides direct employment to 0.5 million persons, and indirectly to around 1.5 million. In FY 2023, boasting an annual capacity of 30.73 million Tonnes Per Annum (TPA), India manufactured 23.67 million tonnes of paper and paperboard in FY 2023. This translates to approximately 88% of the capacity utilisation by the industry. Major Challenges faced by Indian Paper Industry The major challenges faced by Indian paper industry is availability of raw materials. Inadequate raw material availability domestically is a major constraint for the paper industry. As per IPMA, over 90% of wood demand met through industry driven agro/farm forestry (1.2 million hectares); rest through Government sources and other sources. Current demand for pulpable wood by paper industry is estimated at 14 million tonnes per annum (TPA) while domestic availability is 9 – 10 million TPA. In addition to this, rising prices of raw materials and power sources are also creating challenges in the industry. Prices of Coal, one of the major sources of energy for paper mills, have also been on the rise, with a large hike in September 2023, of nearly 27%. Similarly, PPI for wood pulp has also experienced several increases in prices, leading to increased cost and low margins for the paper mills in India. Read more